Difference Between Fantasy Apps and Betting: There is a very huge market for betting all across the world. One of the most popular kinds of betting is for sports, and in regions like India, it is primarily the game of cricket. However, betting is strictly prohibited in India. There are strict laws against betting altogether. However, these laws are not specific which opened up space for online betting with the advancement of the internet. Moreover, with more and more modernisation of these activities, there was a development of fantasy apps which are a different and a newer concept altogether. It has to be noted that these apps are not traditional betting apps.
Even though Fantasy has gained a very large market in India, especially in terms of cricket, many enthusiasts are still very uncertain regarding the difference between fantasy apps and betting. Before you get started betting on cricket matches in India, you must observe the contrast between the two and decide which one you are willing to opt for. Read the ensuing article for an articulated differentiation between fantasy apps and betting in order to understand the nuances of the two very well.
What is Betting?
Before understanding the Difference Between Fantasy Apps and Betting, it is necessary to recognise both terms individually. Betting is the simple process of placing a bet or risking monetary possessions against the chances of a particular outcome of an event. In simple language, betting involves two parties which consider the conditions that are pertinent to the competitive event and accordingly analyse the chances of winning or the possibility of occurrence of one scenario. Most of the bets in the market of betting are limited to the sporting events. Games such as cricket, football, tennis, badminton, esports, and other similar categories are the most prevalent kinds of bets that are placed in online and offline modes.
If we consider India, betting has been prohibited as per the law made up in the British Era. The Indian Constitution carries those same rules and regulations formulated decades ago. These laws made it difficult for offline betting scandals to exist. The bookmakers found loopholes in the law and moved online because the betting specified in the law only intended to ban on-ground betting which was the only medium back then. However, now the authorities in the Government of India are headed to revise these laws and there is a very strong probability that the market of online betting involving real-time money will diminish.
Betting on a particular event involves a lot of consideration and research. You just have to predict the outcomes considering the factors that can influence the game. Betting is not based on luck. Of course, partly it involves fortune to a certain extent but in order to reach a conclusion, you will have to do your analysis and then conclude the possible outcome of events. It is necessary that the players understand that betting online is based on the odds and rules fixated by the bookmaker. If you are to bet online using real-time money, you will have to take note of the technicalities and regulations established by the bookie as well.
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What are Fantasy Apps?
As we intend to understand the Difference Between Fantasy Apps and Betting, we also need to completely understand the concept of Fantasy Apps. This is altogether a new arena in sports. Specifically talking about cricket, fantasy apps have made a very relatively huge place in the Indian markets. These are not traditional betting apps. Even though you can consider this as some sort of betting as there is an involvement of thorough knowledge of the subject and an investment while being confident that certain events will play out in a way, Fantasy is extremely distinctive.
Fantasy Apps that specifically run in India require you to test your knowledge of cricket and make a team of eleven players accordingly. You will get options from the players of both teams and you will have to prepare a team combination within the options available in the two squads. So far, it seems like a fantasy cricket thing. In order to make some profit out of your selection, you will have to enter the pool of prizes. This is where the betting part on the Fantasy Apps gets real. There is little investment with a strong chance of making a good deal of money.
Fantasy Apps are strictly about knowledge of the game and experience in that matter. It is extremely accepted by the Government in India, unlike betting. This involves a risk of addiction and money but one thing that needs to be noted is that the investment is not such a huge amount that would be considered illegal attainment of finances. It is just like a test of knowledge which gets awarded and in order to participate in that competition, you will have to pay a fee which accumulates in order to form the pool prizes of the levels.
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Difference Between Fantasy Apps and Betting
As explained earlier, Betting is the traditional method of risking money on the basis of estimation derived from consideration of parameters and analysis of events. However, Fantasy Apps run like a competition and are driven by the concept of testing knowledge and the players are awarded on the basis of their analysis while they put in a minimal amount as a fee for entering the contest. The former is considered unethical to a certain extent but the latter has been taken into the spirit of mindful gaming.
One huge difference between Fantasy Apps and Betting is that the apps require you to bet a very minimal amount of money in order to participate in the contest. However, for the Betting concept, the money invested entirely depends on the participation of both parties. While betting, there has to be someone against you but in fantasy apps, it can be perceived as every player entering could be an opponent.
In the case of betting, you are betting on an entire team and there is a very limited amount of knowledge to be applicable to the game in order to draw conclusions. Nevertheless, in the case of Fantasy Apps, it takes a lot of knowledge and analyses of not only teams but also players that are to play that day. It is very uncertain what way the players can play in a game and this is why, Fantasy Apps eliminate the entire scenario of odds. There can no real odds be taken into consideration while making conclusions on the Fantasy Apps. This is one of the huge parameters while understanding the Difference Between Fantasy Apps and Betting.